Ron Baron

Ron Baron

Last Update: 06-10-2016

Number of Stocks: 296
Number of New Stocks: 23

Total Value: $18,898 Mil
Q/Q Turnover: 5%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ron Baron' s Profile & Performance

Profile

Ron Baron is the founder of Baron Capital Management. He is Co-Portfolio Manager of Baron Asset Fund and remains Portfolio Manager of the Growth and Partners Funds. Baron graduated from Bucknell University with a B.A. in Chemistry, and later attended George Washington University Law School in the evenings.

Web Page:http://www.baronfunds.com/

Investing Philosophy

Ron Baron invests primarily in small and mid-size growth companies. He likes companies with open-ended growth opportunities and defensible niches. He applies a bottom-up company research, invests for the long-term, and tries to purchase companies at what he believes are attractive prices. He invests in growth companies using a value-oriented purchase discipline. Baron ignores short-term market fluctuations when he believes the fundamental reasons for purchasing a company have not changed. He holds investments for longer than five years on average.

Total Holding History

Performance of Baron Partners Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-2.711.19-3.9
201410.2613.69-3.4
201347.6332.3915.2
3-Year Cumulative58.4 (16.6%/year)52.3 (15.1%/year)6.1 (1.5%/year)
201216.4160.4
2011-5.742.11-7.8
5-Year Cumulative73.8 (11.7%/year)80.4 (12.5%/year)-6.6 (-0.8%/year)
201031.5215.0616.5
200928.226.461.7
2008-46.67-37-9.7
200711.345.495.9
200621.5515.795.8
10-Year Cumulative111.4 (7.8%/year)102 (7.3%/year)9.4 (0.5%/year)
200514.374.919.5
200442.3510.8831.5
200334.9528.686.3
2002-18.07-22.14.0
2001-15.71-11.89-3.8
15-Year Cumulative220.8 (8.1%/year)107.5 (5%/year)113.3 (3.1%/year)
20004.82-9.113.9
199918.4221.04-2.6
199811.6828.58-16.9
199749.8833.3616.5
199616.1322.96-6.8
20-Year Cumulative674.1 (10.8%/year)381.4 (8.2%/year)292.7 (2.6%/year)
199536.9437.58-0.6
19944.761.323.4
199328.7810.0818.7
199216.837.629.2

Top Ranked Articles

Baron Funds Comments on IDEXX Laboratories Inc. Guru stock highlight
Shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX), the leading provider of testing and diagnostics to veterinarians, gained after the company reported another quarter of strong financial results. We continue to believe that IDEXX’s business trends are improving and that its competitive position is becoming increasingly unassailable. The company’s placements of new diagnostic instruments in veterinary hospitals grew by almost 25% in its recent quarter. We expect this to be a key driver of future growth because these instruments require the ongoing purchase of high-margin consumables to perform in-clinic tests. In addition, the company’s network of domestic testing laboratories continued to grow at more than twice the rate of its main competitor. We believe that these trends, coupled with the revenue contributions from its new proprietary tests, has potential for better revenue and earnings growth during the next few years. Read more...
Baron Funds Comments on Gartner Inc. Guru stock highlight
Shares of Gartner, Inc. (NYSE:IT), the largest provider of syndicated research and analysis on the IT sector, gained after the company reported financial results significantly ahead of expectations. Revenues were impressive across the company’s three divisions, and there was notable growth in its core research subscriptions. We believe that various forward-looking metrics in this highly-recurring business continue to look strong. Contract value growth and sales productivity trends are approaching levels sufficient to drive margin expansion, customer retention rates are at all-time highs, and the company has significant financial flexibility. We continue to believe that Gartner will generate accelerating top-line growth, significant growth in earnings and free cash flow, and persistent return of capital. Read more...
Baron Funds Comments on Zillow Group Guru stock highlight
Zillow Group, Inc. (NASDAQ:ZG) is the leading Internet-based company focused on the residential real estate market. Zillow owns various websites, including Trulia, that contain information about homes for sale, and real estate brokerages and agents advertise on these sites to attract potential clients. We believe that an increasing number of home buyers will begin their home searches online, and Zillow will be an important beneficiary of this trend. The company’s shares gained meaningfully after it reported sharply improved results and offered encouraging guidance for the remainder of the year. In addition, the company reached a favorable legal settlement with its largest competitor, which removed an overhang on its shares. Read more...
Baron Funds Comments on Equinix Inc. Guru stock highlight
Shares of Equinix, Inc. (NASDAQ:EQIX), a REIT that owns and operates a global network of data centers, increased on continued strong demand for its outsourcing services, largely driven by its clients’ accelerating adoption of cloud-based computing solutions. In addition, the data center industry has continued to consolidate, and new supply has been kept in check. Together, these trends have created a strong growth and pricing environment that has benefited all players. In addition, Equinix completed its acquisition of European data center company Telecity on terms we believe to be favorable. Finally, the continued low interest rate environment benefited dividend paying REITs. Read more...
Baron Funds Comments on Guidewire Software Guru stock highlight
Shares of property and casualty insurance software vendor Guidewire Software, Inc. (NYSE:GWRE) increased as the company continued to capture an increasing share of its target market. Guidewire enjoys near-perfect client retention rates, a growing installed base of users, and accelerating adoption of its product offerings. We believe that insurers are in the early stages of replacing the core software systems needed to run their businesses, and Guidewire continues to expand its addressable market through persistent product innovation. In addition, in April, Accenture plc sold a majority stake in Duck Creek, the largest direct Guidewire competitor, and extended its relationship with Guidewire. We believe this will lead to improved pricing and better client win rates for Guidewire. Read more...
» More Ron Baron Articles

Commentaries and Stories

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Baron Funds Comments on Teleflex Inc. Guru stock highlight
We initiated a position in Teleflex, Inc. (NYSE:TFX), a medical device company that over the past five years has been transformed, under CEO Benson Smith’s leadership, from a diversified industrial company into a pure-play medical device company through a series of divestitures and acquisitions. Today, the company sells products used by hospitals and health care providers for critical care applications and surgical procedures. The company’s products include, among others, catheters that provide vascular access for delivery of intravenous medications, laryngeal masks for delivery of anesthesia, and surgical instruments used for minimally invasive surgery. The company’s products are used in procedures for treatment of acute or life-threatening illnesses and are therefore less susceptible to being cut during an economic downturn. More...

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Baron Funds Comments on Westinghouse Air Brake Technologies Corp Guru stock highlight
Westinghouse Air Brake Technologies Corporation (“Wabtec”) (NYSE:WAB) is the leading manufacturer of safety and productivity products for railroads. Its shares fell because of uncertainty around the strength of its rail customers, as the global industrial economy slowed, coupled with the potential impact of Brexit. Wabtec generates about half its revenues outside the U.S., resulting in stiff foreign currency headwinds. We believe the company should be able to grow its mass transit business even in this tougher environment. In addition, we are excited about the potential benefits of its pending acquisition of its largest European competitor. More...

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Baron Funds Comments on CBRE Group Guru stock highlight
CBRE Group, Inc. (NYSE:CBG) is a commercial real estate services firm with leading market positions in all of its major businesses – leasing, investment sales, outsourcing, and real estate investment management. The company’s shares fell on concerns that the commercial real estate cycle might be nearing its peak. These fears were exacerbated in the aftermath of the Brexit vote. In addition, CBRE has a significant presence in the United Kingdom and, by extension, exposure to the depreciating British Pound. We believe the outlook for commercial real estate remains attractive, and we also believe that CBRE’s increased reliance on recurring revenue businesses should make the company less susceptible to shifts in the real estate market. More...

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Baron Funds Comments on SS&C Technologies Holdings Guru stock highlight
Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), a vendor of various financial technologies, detracted from performance. We attribute the decline to concerns that lackluster hedge fund performance will impact SS&C’s growth. We believe a low single-digit percentage of the company’s revenue is directly correlated to equity markets, far less than investors fear. We believe the company will continue to generate attractive revenue growth through market share gains, cross-sales of its expanded services portfolio into the installed customer base of Advent (a company it recently acquired), and new product introductions. More...

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Baron Funds Comments on Guidewire Software Guru stock highlight
Shares of property and casualty insurance software vendor Guidewire Software, Inc. (NYSE:GWRE) increased as the company continued to capture an increasing share of its target market. Guidewire enjoys near-perfect client retention rates, a growing installed base of users, and accelerating adoption of its product offerings. We believe that insurers are in the early stages of replacing the core software systems needed to run their businesses, and Guidewire continues to expand its addressable market through persistent product innovation. In addition, in April, Accenture plc sold a majority stake in Duck Creek, the largest direct Guidewire competitor, and extended its relationship with Guidewire. We believe this will lead to improved pricing and better client win rates for Guidewire. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Baron Funds Comments on Equinix Inc. Guru stock highlight
Shares of Equinix, Inc. (NASDAQ:EQIX), a REIT that owns and operates a global network of data centers, increased on continued strong demand for its outsourcing services, largely driven by its clients’ accelerating adoption of cloud-based computing solutions. In addition, the data center industry has continued to consolidate, and new supply has been kept in check. Together, these trends have created a strong growth and pricing environment that has benefited all players. In addition, Equinix completed its acquisition of European data center company Telecity on terms we believe to be favorable. Finally, the continued low interest rate environment benefited dividend paying REITs. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Baron Funds Comments on Zillow Group Guru stock highlight
Zillow Group, Inc. (NASDAQ:ZG) is the leading Internet-based company focused on the residential real estate market. Zillow owns various websites, including Trulia, that contain information about homes for sale, and real estate brokerages and agents advertise on these sites to attract potential clients. We believe that an increasing number of home buyers will begin their home searches online, and Zillow will be an important beneficiary of this trend. The company’s shares gained meaningfully after it reported sharply improved results and offered encouraging guidance for the remainder of the year. In addition, the company reached a favorable legal settlement with its largest competitor, which removed an overhang on its shares. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Baron Funds Comments on Gartner Inc. Guru stock highlight
Shares of Gartner, Inc. (NYSE:IT), the largest provider of syndicated research and analysis on the IT sector, gained after the company reported financial results significantly ahead of expectations. Revenues were impressive across the company’s three divisions, and there was notable growth in its core research subscriptions. We believe that various forward-looking metrics in this highly-recurring business continue to look strong. Contract value growth and sales productivity trends are approaching levels sufficient to drive margin expansion, customer retention rates are at all-time highs, and the company has significant financial flexibility. We continue to believe that Gartner will generate accelerating top-line growth, significant growth in earnings and free cash flow, and persistent return of capital. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Baron Funds Comments on IDEXX Laboratories Inc. Guru stock highlight
Shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX), the leading provider of testing and diagnostics to veterinarians, gained after the company reported another quarter of strong financial results. We continue to believe that IDEXX’s business trends are improving and that its competitive position is becoming increasingly unassailable. The company’s placements of new diagnostic instruments in veterinary hospitals grew by almost 25% in its recent quarter. We expect this to be a key driver of future growth because these instruments require the ongoing purchase of high-margin consumables to perform in-clinic tests. In addition, the company’s network of domestic testing laboratories continued to grow at more than twice the rate of its main competitor. We believe that these trends, coupled with the revenue contributions from its new proprietary tests, has potential for better revenue and earnings growth during the next few years. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Baron Asset Fund 2nd Quarter Letter Review of quarter and holdings Ron Baron - Baron Asset Fund 2nd Quarter Letter
DEAR BARON ASSET FUND SHAREHOLDER: More...

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CEO of CarMax Thomas Folliard Sold 271,435 Shares of Company on July 19 Insider buy at CarMax Ron Baron - CEO Of CarMax Thomas Folliard Sold 271,435 Shares Of Company On July 19
Thomas Folliard (Insider Trades), CEO of CarMax Inc. (KMX), sold 271,435 shares of the company on July 19. The average price per share was $55.39, for a total transaction of $15.03. CarMax Inc. is a U.S. used vehicle retailer headquartered in Richmond, Virginia. The company has a market cap of $11.02 billion. More...

THOMAS FOLLIARD, CARMAX INC, INSIDER TRADES


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CEO of Glaukos Trades Portion of Stake in Company Thomas Burns sells 162,254 shares for more than $4.8 million Ron Baron - CEO Of Glaukos Trades Portion Of Stake In Company
Thomas Burns (Insider Trades), CEO of Glaukos Corp. (GKOS), sold 162,254 shares for $30.07 per share on July 13 for a total transaction of $4,878,978. More...

THOMAS BURNS, GLAUKOS CORP, INSIDER TRADES


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Guru Holdings That Outperform the S&P 500 Stocks with growing ratios and high year-to-date returns Ron Baron,Jim Simons,Chuck Royce,Steven Cohen,RS I - Guru Holdings That Outperform The S&P 500
The following are some of the stocks that outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the fourth quarter. More...

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Baron Funds Comments on Equinix Guru stock highlight
Equinix, Inc. (EQUIX), the leading provider of Internet Business Exchanges, is an example of a platform company in the Financials sector. Early on, Equinix employed its scale and “network neutral” policy, which allows customers to connect with one another, to attract large telecom networks. Once Equinix established its leading market position, other telecoms, major enterprises, and e-commerce and cloud computing companies felt compelled to join the Equinix “ecosystem” to easily and efficiently access these networks. More...

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Baron Funds Comments on Illumina Inc. Guru stock highlight
Illumina, Inc. (NASDAQ:ILMN) is a health care company that is the leader in platforms used for DNA sequencing, the process of determining the precise order of nucleotides with a DNA molecule. Illumina provides the tools used for over 90% of the world’s sequencing output. Illumina is benefiting from a major shift into personalized medicine driven by DNA sequencing. It is already becoming common practice to sequence a cancerous tumor and prescribe drugs targeting the genetic mutations specific to that cancer. In the reproductive health arena, DNA sequencing is being used to help identify chromosomal abnormalities early in a pregnancy. More...

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Ron Baron's Stocks With Highest Returns Stocks held by the guru with the largest returns since the last trades Ron Baron,George Soros,John Keeley,Leon Cooperman, - Ron Baron's Stocks With Highest Returns
Ron Baron (Trades, Portfolio) is the founder of Baron Capital Management. He is co-portfolio manager of Baron Asset Fund and remains portfolio manager of the Growth and Partners Funds. He manages a portfolio composed of 296 stocks with a total value of $18.898 billion. More...

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Baron Funds Comments on Amazon.com Guru stock highlight
Ask your typical investor to name the Walmart online, and many will reflexively say Amazon.com, Inc. (NASDAQ:AMZN) In one very narrow sense, we agree with that description. Amazon has been successful at attaining its original goal. Last year, it became the fastest company to reach $100 billion in annual sales, and it is now the world’s largest online retailer. But we think of Amazon as much more than that. More...

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Baron Funds Comments on Facebook Guru stock highlight
Facebook (NASDAQ:FB), the world’s largest social network, in our view is the largest beneficiary of the shift in consumer engagement to mobile. Mobile is no longer a device or an application. It has become a way of life. About four years ago, we participated in Facebook’s IPO at $38 per share. As user engagement transitioned from desktop to mobile, growth slowed and the stock collapsed. We thought Facebook was a unique company with real competitive advantages and viewed mobile monetization as a question of “when” rather than “if.” Market overemphasis on short-term results allowed us to build our position at an average cost of $26 per share. Facebook is currently trading at $114, or three times our initial investment. More...

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Baron Funds Comments on Alphabet GuruFocus
Alphabet (NASDAQ:GOOGL) is the world’s dominant search engine. In our view, Alphabet also happens to be one of the most innovative companies on Earth, with a vast array of initiatives and businesses ranging from YouTube to Calico (its foray into longevity). The company’s core business is a powerful platform that benefits from the network effect, economies of scale, and formidable barriers to entry. Most advertisers want to work with Alphabet. Data is becoming increasingly important, and Alphabet owns the most data of any company we know. We believe the value of that data and its monetization opportunities will become more apparent over time. The company is the Fund’s second largest holding, and the value of our investment has doubled in the time we have owned it. As big as it has become, we think Alphabet has a long and robust growth trajectory ahead. More...

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A Distinctive Approach to Large Cap Growth Investing: Baron Funds Summer Newsletter By Portfolio Manager Alex Umansky Ron Baron - A Distinctive Approach To Large Cap Growth Investing: Baron Funds Summer Newsletter
The large cap equity market is widely viewed as a bulwark of every well-balanced investment portfolio. The thinking among investors is that a large cap allocation functions as ballast, given the perceived relative stability inherent in most big, well-established companies. This reasoning, combined with the belief that the efficiency of this asset category makes it especially challenging for active managers to beat the benchmark, tends to steer many large cap investors toward passive investment vehicles. More...

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